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<br /> '1'OCi6T1HRR!!V[TH�i!the Impmvetprnts now Ar henafter ertcud on�he pmperty.a�xl aill euetbcnte,op,�urterwxp,and -
<br /> �xtuns now or McrcaRer u pa�f. uf ttnz: pra�rty. Ail replacen�ents nn� additlons �hall alsa I�e cavcrn! by this Scwrfry
<br /> fust►u�i�►cnt./�ll of'thc fon:going i,f�:f cxrcd t�a in tldx Sccurity In�truntent aa thc"Pmy�crty."
<br /> AQRROW�R Cl)VF?IVAI�iTS ihnt B�rrowcr is lawfi►Ily Eeisc�d oP the estnte hereby convcyal und haw thc right tu grant cana
<br /> convey the Property and tt�a► �he Proprrty i�utx�xumberad,ex�ept for encumbrances of rca:ar�. Barro�ver w�rrmits iuxl wfU
<br /> defend�gCnuually tt�r title tu tha Pto�serty against all claims nnd demunds,subject to any encumbronces of rernnt.
<br /> THI3 5ECI7RITY INSTRUMBNT combines unifarm covrnants far natlorwl usc nnd non-unifprm eovenun�9 with limttcd
<br /> varlat�on:s by judscliction t�o constitute u unifarm c�ecuriry instcumcnt cavering seal property.
<br /> UN12�Ui�2M COV�AfAN�S.8urruwer�t�d Lendee wvenas�t aixl agr�us Pollows:
<br /> 1. t9Ymeat ot Prt�tp�l and lnte�PreQayment tnd Late Ctwcges. Borrowcr ahutl promptly pay when due the �
<br /> principal of and inurest on Qie debt evidenced by the Note nnd any prepayment artd late churges due under the Nate.
<br /> 2. Fund�tor Tnxes�nd Iasurance.Subject to upplicable law or to a written�aiver by Lcncter. Horrawer shall Pny to
<br /> Lender on tha day monthly paymcnts are due under the Nate�until the Note is paId in full.n sum("Funds")for:(a)ycarly taxes
<br /> srnd assessments wl�ich mny uttuin priorIty aver thiR 5ecudty Instrumcut ss�a tien on the Property; (b)yearly leasehold payments
<br /> or ground nnts on the Praperty,if uny;(�)yearty Iwzard or prope►ty i�uurance premiums:(d)yeurly fiood lnsurancc premiums.
<br /> if any;(e)y�rty mortgage insurance premiums. If uny;uc�d(� any surns payable by Borrower w I.ender,in accordaace wtth
<br /> the pmvi5ion�of paragrnph 8. in lieu of thB payment af mortgs�e insurance premiums.Thece ttems are called "Escrow Items."
<br /> Lender nnay. at any ttme. collect and hold Furtds in an amount not to exceed the musimam iunount a Icnder for a federalty
<br /> related moRgag�Ioun may require for 8orrower's escrow uxount under the federal Real Estate Setttement Pmceciu►�s Act of
<br /> 1974 as amertdRCt from time to time. 12 U.S.C. Section 2601 et seq.(`RFSPA"),unless anotl+er law that applies to the Funds
<br /> scts a lesset amount. if so.Lender may. at any tlme. cwllect and hold Funds in an umount not w exoeed the lesser amou�t.
<br /> I.ender may estimate the timaunt of Funds due on the basis of curnnt data urtd reasonable estimates of expenditures of future
<br /> Escrow items or otherwlse in IIccordnnce wlth applicxtble law.
<br /> The Funds shall be held in su� institudon whose deposlts nre insured by a federal agency, instrume�stality. or entity
<br /> (inctudtng I.endet.if I.ender is such an instttution)or in any Federal Home Loan Bank.L.ender shall apply the Funds to pay the
<br /> Escrow Items.[.ender may not cliarge Borrower for holdin�and npplyipg the Funds.annuAlly analyzing the escrow uccount. or
<br /> verifyin�tho Escrow Items,unless I.ender paya Horrower interest on the Funds and upplicable luw permits Lender to inake such
<br /> a charge, However,Lender may require Sorruwer to pay a one-ti�ne charge for an independent rea!estate tax mportin�seevice
<br /> use�l by I.ender in connecxion wlth this loan, unless npplirablc law provides otherwise. Unless an agreement is made or
<br /> applicuble law requlres interest to be paid.Lender shall not be required to puy Borrower any interest ur eamings un the Fund�.
<br /> Borrower end Lender may agree in writIng. however.that interest shall be paid on the Funds. L.ender shall givc to Borrower.
<br /> without charge,an annual ncoounting of the Funds, showing cndits and debits to the Funds and the purpose for whtch e.�ch
<br /> debit to the Funds was made.The Funds are pledged as additionat secudty for ali sums serured by this Security Instrument.
<br /> If the F�nds held by L,ender exc�ed the amaunts pern�itted to be held by appltcuble law. Lender shall account to Borrower
<br /> for the excess Funds in uccordance with the roguireraents af applicable Inw. If the umount of the Funds held tsy Lender at any
<br /> . dme is not sufficissnt to pay the Bscmw Items when due.I.ender may so notify Borrowcr in writin�,and.in such case Borrower
<br /> shall pay w i.ender the amount necessary to make up the deticiency.Borrower shzll make up the deficiency in no more than
<br /> twetve monthly payments.at i.ender's sole discretion.
<br /> Upon paymettt in full uf all sums secused by this Security Insm►ment. L,ender shall pmmpdy refund ro Borrower anp
<br /> Funds held by i:ender.If.under paragraph 21,I.ender shall acquire or sell the Property,Lender.pdor to the acquisitIon or snle
<br /> of the Property.shnll apply any Funds held by I.ender at the time of ncquisition or sale as a credit uguinst the sums secured by �
<br /> this Secudty Insttument.
<br /> 3.Applic�tion oi Pa�yments.UNess applIcable law pmvIdes otherwise,ssll payments received by i.ender under paragraphs
<br /> 1 and 2 shaU be applted: first.to any prepaymem charges due under the Note:second,to amounts payablo under paragraph 2:
<br /> third.to iMerest due;fouith,to principa!due;and last.to any late charges due under the Note.
<br /> � A.CUargcap Lfeas. Borrower shall pay all taxes.asses.gments.char6es. fines and imposittons uttdbutable to the Property
<br /> which may attain priorlry over this Seturity Instn�ment, and leasehold payments or ground rents, if any. 8orrower shall pay
<br /> tt►es�obligations tn the manner provided in para}�raph 2,or if not paid!n thut manner.Borrower shal!pay them on time direcdy
<br /> ta the peraon owed payment. Borrower shall promptly furnish tc�Lender all nodces of tunounts to bu paid under this paragraph.
<br /> • If Borrower makes these payments directly,Borrawer shall pmmptly fumiah to[.ender rtxeipts evidencing the payments. ¢`�'
<br /> � Borrower shall pmmpdy discherge any llen which has pdority over thia Securlty Instn�ment unless Borrower:(a)u�rees In � "•
<br /> w�a��g do the payment of the obligation sa�ured by the lien in a manner acceptable to l.ender; (b)contests in gaexi faith the lien ���
<br /> by.�.c�+w�fends�alnst enforcem�t of the lien in, le�al proceedings which in the Lender's opinion operate to prevent the ���
<br /> eafarcement of the lten;or(c)secures from the holder of the tien an agrcement saaisfuctory to I.endar subordinuting the lien to � =��
<br /> rchis Security Insuuy�c�:i. If Lender determines that any part of the Property!s subject to a lien which may anain priority over �"
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<br /> this Securiry IInstru�ent,t.�x.+er may give Borrower u notice identifyins the lien. Bonower shall sutisfy the lien or take one or
<br /> more of tha actions set foM a��•�e within 10 duys of the�Iving of notice.
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